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The following information is available from the annual reports of Wildhorse Company and Ayayai Inc. ( Amounts in millions ) Sales revenue Cost of goods
The following information is available from the annual reports of Wildhorse Company and Ayayai Inc.
Amounts in millions
Sales revenue
Cost of goods sold
Operating expenses
Income before taxes
Net income
Wildhorse
$
Ayayai
$
a
Calculate the profit margin and gross profit rate for each company.
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